Equity
€278,415 from €580,581 in 2015
Equity fell by 52% in 10 years.
ENHANSA
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996Gross marginpeak €406,136 (2015)
€94,313▼ 66.4%
Resultlowest -€211,020 (2017)
-€95,966▼ €51,430
Equitypeak €580,581 (2015)
€278,415▼ 25.6%
Debts
€286,959▲ 0.9%
Staffpeak 2.9 FTE (2017)
-not published
Board2 names since 2018
1 directorMartin Lagauw
Owners4 names in the annual accounts
29.27%2BE.ADVISED
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Gross margin from €280,458 to €94,313Loss of €95,966Equity from €374,381 to €278,415Cash from €7,701 to €2,084
Key points
from the 2025 annual accountsResult
-€95,966 ▼ 115%
The result fell in 2025 from -€44,536 to -€95,966.
Investments
€16,500 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
30 annual accounts since 1996
Six of the last ten came late. The 2025 accounts came latest: 60 days after the end of the period.
Board
2 left
Directors left. Latest change 09-02-2026 · 0 in office.
Position in the sector
-€95,966
Lower net result than 91% of companies in computing infrastructure and information services. Sector median €23,365 · 571 companies.
Checked score
67
Healthy
Financially stronger than 26% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%▲ +0.2 percentage points vs 08-2025
10-2025: 0.5%▼ -0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.2%▼ -0.3 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.7%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €95,966, the second in a row (financial year 2025)
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.09, cash €2,084, halved
lowers risk
Size: total assets €565,374
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, micro). It does better than 46% of them on solvency, 11% on liquidity, 26% on profitability and 22% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as ENHANSA has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENHANSA itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for ENHANSA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.08 in 2024), below 1. Short-term debt is 50.8% and cash 0.4% of total assets. 50.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€95,966
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
30 days late
2023
29 days late
2022
30 days late
2021
4 days early
2020
15 days early
2019
66 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known boardBA
BV 2BE.ADVISED
Director, until 2026
- 2BE.ADVISED 29.27%equity €214,524 (2025) · 2025 annual accounts of 2BE.ADVISED
- Starfisk Group 15.29%equity €198,402 (2024) · 2024 annual accounts of Starfisk Group
Recent changes
1 director resigning
Martin Lagauw (managing director) · Permanent representatives: Sibren Lagauw and Martin Lagauw · Gazette deed
Resignation: BV 2be.advised (director)
Permanent representative: Martin Lagauw · General meeting of 24-12-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454394421
Registered office moved within Bruges
New registered office: Vaartdijkstraat 19B, 8200 Brugge · Previous registered office: Rooigem 1, 8310 Brugge · Permanent representative: Duron Bart · Board meeting of 19-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ENHANSA Bruges | €565,374 | €94,313 | 49.2% | - |
| G. COMPUTER CONSULT Woluwe-Saint-Pierre | €616,905 | €97,050 | 69.3% | - |
| EUREKA Genk | €706,101 | €87,492 | 81.8% | - |
| EURO ADVANCE Forest | €569,910 | €108,508 | 92.6% | - |
| D.W. SOFT Merelbeke-Melle | €446,625 | €107,296 | 92.7% | - |
| EXTRASOFT Ghent | €475,322 | €90,228 | 63.6% | 1 |
| LENAERTS CONSULTING Genk | €522,245 | €95,804 | 84.1% | - |
These companies have the same main activity as ENHANSA: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €447,000 and €706,000, founded between 1989 and 1994.
Official details
Source: KBO- Status
- Active since 01-02-1995Normal situation
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.070.345.3338310 Bruges, since 29-03-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 24-02-2025
Annual accounts 2025
- Turnover
- ≈ €260,000estimated
- Total assets
- €565,374▼ 14.2%
- Filing
- Filed on 29-09-2026
Insights on ENHANSA
ENHANSA files the abbreviated format. That format states no turnover. The gross margin rose from -€16,945 in 2006 to €94,313 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ENHANSA
- What is the company number of ENHANSA?
- The company number of ENHANSA is 0454.394.421. The VAT number is the same number with BE in front: BE 0454.394.421.
- Where is ENHANSA based?
- The registered office is at Vaartdijkstraat 19B, 8200 Bruges.Company details
- What does ENHANSA do?
- According to the KBO register, the main activity is computing infrastructure, data processing, hosting and related activities (NACE 63100).
- What is the legal form of ENHANSA?
- ENHANSA is a public limited company (NV).
- When was ENHANSA founded?
- ENHANSA was founded on 01-02-1995.
- Is ENHANSA still active?
- Yes, ENHANSA is an active enterprise in the KBO register.
- How many employees does ENHANSA have?
- ENHANSA had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ENHANSA fall under?
- In its 2025 annual accounts, ENHANSA states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ENHANSA?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €94,313 and 1,294 comparable companies of the same size. It probably lies between €160,000 and €500,000. It is a rough estimate.
- Is ENHANSA profitable?
- In financial year 2025, ENHANSA made a loss of €95,966.
- Where can I find the annual accounts of ENHANSA?
- ENHANSA filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ENHANSA due?
- ENHANSA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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